Mortgage and Financial News From 2007-8-27 Page 22
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Wall St. losing subprime lenders
Philadelphia Inquirer - NEW YORK - For the mortgage industry, Wall Street's big investment banks might seem like those friends who disappear when the going gets tough. It wasn't that long ago that the investment houses, looking for ways to cash in on the then-booming ...
2007-08-26 12:56:00 -
Mortgage loans still available (Richmond Register)
During the financial uncertainties of the early 1980s, a brokerage firm hired the actor John Houseman to do a television commercial.After reciting a list of disturbing headlines, Houseman would ask, “Is the world going to end tomorrow?â€Then he would look into the camera and reply, “Probably not.â€That same message came through in interviews with several locally based mortgage lenders this week. ...
2007-08-26 04:20:06 -
Banks may shun mortgage lenders (The Clarion-Ledger)
For the mortgage industry, Wall Street's big investment banks might seem like a friend who disappears when the going gets tough.
2007-08-26 06:04:13 -
AP Business NewsBrief at 8:35 p.m. EDT
CNBC - An interest rate cut from the Federal Reserve is far from guaranteed, but after the central bank lowered its discount rate on Aug. 17 _ a rate that several major banks took advantage of _ Wall Street feels it can rely on the Fed as a safety net. ...
2007-08-27 12:34:00 -
Overheating sees house price downturn in Europe
Daily Telegraph - The spate of interest rate rises by central banks is exacting its toll on disposable incomes already weighed by rising household indebtedness," he said. The European Central Bank has doubled rates from 2pc in December 2005 to 4pc. The recent turmoil ...
2007-08-27 12:12:00 -
Malaysia holds its interest rate at 3.5%
MENAFN - (MENAFN) Bank Negara Malaysia, the country's central bank, kept its benchmark interest rate unchanged for an eleventh meeting, saying that the domestic economy remains strong and can withstand turmoil in global financial markets, Bloomberg reported ...
2007-08-26 10:43:00 -
Australia's Woolworths Posts Profit Jump
Forbes - Woolworths said in a statement that the company is "pleased with the momentum in the business," but cited fluctuating oil prices, interest rate increases and debt markets in the U.S. as factors in raising costs in the current year. Revenue for the ...
2007-08-27 12:41:00 -
Students join protest over HSBC rate 'rip-off'
The Independent - Thousands of students have joined groups on the social networking site Facebook, protesting against HSBC's recent decision to start charging interest on the overdrafts of new graduates. "Stop the great HSBC graduate rip-off" now has more than 2,500 ...
2007-08-27 12:05:00 -
Bernanke’s dilemma
Financial Times - So far, so skilful. The Federal Reserve restored some stability to dislocated credit markets without a cut to its key interest rate. Instead, it reduced the cost for banks to borrow from the Fed’s “discount window†and injected liquidity into ...
2007-08-26 06:50:00 -
Investors Feeling a Bit More Optimistic
Newsday - NEW YORK - Wall Street heads back to work this week in a somewhat calmer state of mind. Overall, investors are more optimistic now about the financial markets than they've been in several weeks. An interest rate cut from the Federal Reserve is far ...
2007-08-27 12:55:00 -
Rising rupee, interest rates affecting biz sentiments: FICCI
Worldnews.com - Fixed rates for mortgages cut as expectations grow that interest rates have peaked The Daily Mail Mortgage lenders have cut the cost of fixed rate deals Most popular stories Email newsletter Headlines Homebuyers have been offered some relief as a ...
2007-08-26 11:15:00 -
Trichet to deliver key speech on rates
The Independent - The president of the European Central Bank, Jean-Claude Trichet, will deliver a keynote speech today on the Bank's interest rate policy. Before the recent credit crunch, the ECB had clearly signalled that it was prepared to raise interest rates at ...
2007-08-27 12:05:00 -
Gentler tone to Bank's latest rate notification�
Worldnews.com - THE Reserve Bank has left the door open for another possible hike in interest rates this year, but this is seen as unlikely unless there is further weakening in the rand , which would put more upward pressure on inflation. The tone of the monetary ...
2007-08-26 11:22:00 -
Global stock markets rebound after U.S. Fed lending rate cut
Xinhua News Agency - The central bank on August 17 cut the interest rate it charges banks by 0.5 percentage point to 5.75 percent, acknowledging for the first time a policy shift was needed to contain the subprime-mortgage collapse that roiled financial markets and wiped ...
2007-08-27 12:41:00 -
Tame inflation prompts talk of interest rate cut
Worldnews.com - Sometimes, boring is good. That was the reaction Tuesday to figures showing Canada's substantial inflation pressures softened in July, allowing the Bank of Canada to forgo an early September interest rate hike that many felt just three weeks ago was ...
2007-08-26 11:22:00